Mother of four Teresa Giudice of the Real Housewives of New Jersey doesn’t appreciate all of the criticism regarding her bankruptcy situation — and certainly doesn’t believe it’s any of her own doing. People, it’s downright AMERICAN to declare bankruptcy! This according to her recent Bravo blog entry titled “Fresh Start.” And why is her family in this situation? Not only the downturn of the economy (not her fault!) but also because she and Joe were just trying to help people. Seriously, squash your laughter. Here’s what she had to say, including comparing herself to Walt Disney, Sam Walton and other founders of iconic companies:
Joe and I filed for bankruptcy protection back in October 2009r primarily because of real estate deals gone bad in a bad economy. We didn’t spend millions of dollars on gold toilets or private planes. We bought buildings, fixed them up, and tried to help other people start their own businesses or be able to afford an apartment. The economy crash trickled down to everyone. We worked so hard for so many years and it was heartbreaking to file, and not something we took lightly. Of course you can’t sit in your bed and just cry all day, so we moved forward, got new jobs, and are working hard once again. The point is to get a fresh start so you can move forward.
If we didn’t give fresh starts to people, we wouldn’t have the following great American companies that were only able to be created after their owners’ filed bankruptcy: The Walt Disney Company, Hilton Hotels, Hershey’s chocolates, Macy’s department stores, Heinz ketchup and even WalMart. If Sam Walton hadn’t filed bankruptcy after his first store failed, he wouldn’t have been able to build the largest company in the world that employs more people than any other: 2 million!
So there you have it according to Teresa: the Waltons, the Disneys, the Heinzs, the Hersheys, the Hiltons AND THE GIUDICES. Building a better America one bankruptcy filing at a time. I wonder if any of those wives expected diamonds for their anniversary even when vendors and service workers weren’t being paid for their hard work?